Latest / The Flow: Real Estate and Money Show
1.8 MILLION Investors misunderstood this: OSFI new Rental Property Rule
Last month, the mortgage industry panicked when OSFI announced new rules that seemed to ban using personal income to qualify for investment property mortgages, but the interpretation was completely wrong. The actual change is about how banks classify risk and capital requirements for investor mortgages, not underwriting rules, meaning you can still use your income to qualify. What most people missed is that OSFI delayed implementing these rules for three years since 2022, which allowed banks to continue writing investor mortgages with minimal restrictions during a critical market period. When…
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